GungHo makes ¥12B in April, market cap eclipses Nintendo

GungHo Online Entertainment had something of a strong April, one might say. Grasshopper Manufacture's new parent company made a tidy ¥12 billion ($118 million) in revenue last month, thanks in large part to its blockbuster mobile hit, Puzzle & Dragons.

Puzzle & Dragons hauled in more than $113 million in April, garnering more than 13 million downloads in Japan alone. That's roughly 10 percent of the country's population. Wow.

GungHo's share price reportedly increased 28.8 percent within "just a few minutes" of trading on the Osaka Stock Exchange, eventually settling on a cool ¥1,342 million per share. The company's market cap is currently valued at ¥1.54 trillion ($15.1 billion), putting it just north of Nintendo's 15 billion and in the same ballpark as Activision Blizzard's own $16.7 billion.

I really hope Kazuki Morishita is doing laps in a Scrooge McDuck-esque swimming pool right about now.

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